Daily Markets Briefing: STI down 0.4%

But index is still holding above the 3230 mark.

OCBC Investment Research said:

The mildly positive showings by the US indices last Friday night could keep local sentiments fairly buoyant this morning.

Despite a 0.4% pullback in the last session, the STI is still holding above the 3230 key resistance-turned-support at the moment.

Should the index initiate a rebound around current levels, it will likely head towards the 3320 key support-turned-resistance next.

Beyond that, the next hurdle is pegged at the 3370 support-turned-resistance. Below the 3230 immediate base, the subsequent support lies at the 3170 resistance-turned-support.

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